What to do with all that payroll tax money

What to do with all that payroll tax money

Dec 3, 2012 | Running Your Business

Opening an account just for payroll tax is a good way to ensure it never is accidentally “reallocated” to other expenses, but it also can help serve as a reminder of when to send payments to state and federal offices. Sending these funds in late can result...
What to do with all that payroll tax money

Getting the W2 right

Nov 26, 2012 | Running Your Business

Let’s face it, tax documents can seem nebulous and convoluted, and even seasoned accountants may encounter problems with forms that change, merge and create new variants every year. One of the most important ones is also that which is disseminated most often...
What to do with all that payroll tax money

How to handle a garnishment

Nov 19, 2012 | Running Your Business

Payroll employees are usually swamped with plenty of calculations each pay period, figuring out proper deductions for a plethora of taxes, benefits and other necessary withholdings. There are other kinds of deductions, though, that may cause confusion. A payroll...
What to do with all that payroll tax money

Making sense of tax paper numbers

Nov 5, 2012 | Running Your Business

There are a lot of forms and paperwork associated with regular tax filings, both for businesses and individuals, but getting the right forms the first time is essential to a smooth submission process. Different kinds of work will result in various kinds of paperwork,...
What to do with all that payroll tax money

Who does your employee work for?

Oct 23, 2012 | Running Your Business

Businesses frequently struggle with determining what capacity a worker actually serves. They know a person is on payroll and does a specific set of tasks, but as to how that individual is actually keyed into a human resources management system, it is possible that...